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New Noyes division launches

Sanctuary Wealth Partners, a new division of Noyes Group LLC, has launched.

The company will be a "compelling" alternative to the traditional independent registered investment adviser model, according to a news release. It offers advisers operational support, wealth management solutions for their high-net-worth clients and an ownership opportunity with equity in the company along with 100% ownership of their own practices.

Jim Dickson took on the role of Sanctuary Wealth Partners president and has taken a significant equity stake in Noyes. He also agreed to assume the role of president of Noyes and has been appointed to its board.

Dickson most recently handled a field force of brokers at Merrill Lynch.

Chris Cooke and Brian Cooke of Cooke Financial Group also joined Sanctuary Wealth Partners. The team manages more than $1.7 billion in AUM.

David A. Noyes & Co. and Noyes Advisors LLC are subsidiaries of Noyes Group, an investment company headquartered in Chicago.